Sounds like this tenant is going to be a nuisance, always asking for more facilities and not paying more rent.  Maybe the tenant needs to be changed instead ! 

Get a few of those 3M things that stick to the wall with little circles on them.  An extension lead can go up the wall, across the ceiling and back down again.  Pity about not being able to close the bedroom door but oh well.  As we said.  Tenant knew the product he/she was renting up front.  You do not buy a hatchback and then whine that you want…[Read more]

Further to Freckle's comment, my electrician has suggested the same.  Give them a powerboard that has a long extension lead on it.  This is appropriate in cases such as buildings where the roof is quite flat, and to add a powerpoint means the sparky literally has to lift the roof.  Too much effort and cost.

As you say, the tenant rented the property knowing the facilities that were or were not there.  You can certainly discuss improvements, but I would not be improving anything for a new tenant, without hiking up the rent.  For something that costs $2k I'd be talking at least $15 per week extra.

What's the power outlet you are talking about?  Do you…[Read more]

Typical. 

You could get around that issue by installing a car rotating platform such as the one pictured here;

http://www.alibaba.com/product-gs/479350921/Auto_Car_turntable_Car_parking_rotating.html?s=p

I presume it needs electricity, so there would be a requirement for commonparts electricity.

Hahahah!!!!!!!!  Good on you for being a sport

http://www.youtube.com/watch?NR=1&v=xn4mI5MfQFQ&feature=endscreen

I am hopeful that Freckle will purchase a packet of Allans Freckles, lick one, stamp his face a few times with its coloured dots, and post a pic for us.  Can't help but get that concept out of my head.  Pleeeeeease Freckle??

Richard Taylor who has responded in this thread is a gun mortgage broker.  I'm in VIC and he's in QLD, and he handles all my mortgage needs.  Everything is done via phone and email.  Get in touch with Richard

Sounds almost like it'd be cheaper to chopper a plumber in from Brisbane!

That is more than triple what I paid to set up my SMSF.  I cannot see how it would be more complex to set up.  NRAS property or NRAS property… it's still a property.

Personally, I would instead propose that the landlord pays for the fan, and the rent goes up.  That way you can claim depreciation, and the extra income the rental increase shows gives you more serviceability for putting towards your next I.P. loan

Hi Patch

Some people like to own the place they live in, others prefer to remain as tenants in their favourite suburb either because they cannot afford to buy into it and don't want to live elsewhere (rent is in some cases lower than mortgage payments, such as in inner city suburbs)… or because they want to free up their cash for investment…[Read more]

They have to be insured differently too as the tenant is commercial, not residential.

I looked into such a purchase once, in a half-hearted manner.  Bank went out and valued it WAY below asking price.  Enough said.

Hi Andrew, are you noticing more buyer enquiries in any particular market sector? (eg First home buyers, or sub $300k buyers, or buyers ramping up there investing plans…) 

jmsrachel wrote:

Take this advice from a person that lives near the area. The traffic in Hoppers and Werribee is so bad by the time you get to work in the morning you feel like killing someone.

jmsrachel speaks the truth.  It is a growth corridor… which means more houses but not more infrastructure in proportion with the growth.

Hi Rory

Wow very interesting.  It's certainly a heavy barrow for you to push, since as you say, councillors will be looking after their own agendas.

I guess if you really feel your arguments are valid, it would be worthwhile communicating with state government as well as local government.  I guess that would give you a better chance of getting…[Read more]

Just because someone wants to rent a place, does not automatically entitle them to rent a property that someone else is paying the mortgage on, default on the rent and trash the place.  I would imagine if you put someone into your property knowing the background checks on them were dodgy, your insurance company would not be keen to honour a…[Read more]

jmsrachel wrote:
I agree with JacM. You could include Laverton to that list. The vacancy rate is really big so why do you still get people crying on A current Affair because there is a shortage of houses to rent? Doesn't make sense

Perhaps these people are on the RE blacklist.  With plenty of time on their hands to spend whining to A Current…[Read more]